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Forums - Sony Discussion - Sony on track to lose 2.1 billion dollars

LemonSlice on 31 October 2014

Sony should sell itself some insurance. Yikes. I hope the PS4 is geared for profit.



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Fusioncode on 31 October 2014
Slade6alpha said:
Yikes... How long can they maintain this pace before drastic measures. Not a Business major either, so am genuinely curious.

Seems like a lot of Sony's sectors of bleeding and PS is too small to recoup losses.

Only 2 divisions seem to be losing mony. Mobile is just doing so awful that it's bringing the whole company down. 



Sigs are dumb. And so are you!

sidmeiernintifan on 31 October 2014

I think Sony will eventually become an entertainment + insurance company.



Acevil on 31 October 2014
padib said:
Acevil said:

Seece or Kowen, since you actually would know. They obviously have loans, know how much loans they have compared to tangible assets. Also is the rate of interest given on said loans and how much is paid off each year?

Seece and/or Kowen are Sony experts, they will help you.

@OP and skidonti. The competition in certain markets (Vaio, TV, smartphones) was just too fierce. Mostly Korean manufacturers are extremely rapidly outpacing other manufacturers in terms of sales/profit. Sony can't catch up hence why they dropped those markets and it was the wiser choice.

They will be fine on the long run but their glasses idea is just going to run them into the same problems as the markets they already dropped I'm not sure why that's being mentioned as a solution.


Well I know Kowen actually has a strong financial understanding and looks at all three companies. Seece maybe not so much, but I know Seece pays attention decently. 

(If that was sarcastic response, since they are both are seen more MS centric)

 

Infact Sony fans are the worse to ask, since a lot of them act like the company is doing fine, compared to the actual state of the company, which is a former shell of itself. 



 

keroncoward on 31 October 2014

Sony is not doing fine and their Playstation brand will not survive by itself even if they slim down to that division alone. Even if they attempt to do that their remaining investors would and should rightfully throw a fit and threaten to sue. They most likely would get bought out by Apple, Samsung or Microsoft. I have said many times in the past that the only way they can restructure and return to profit is by getting rid of the people that got the company in that mess in the first place. Instead they cut the jobs of engineers and the actual people that made Sony what it was in its glory days.



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curl-6 on 01 November 2014

How many rating agencies have them at "junk" status now?

First it was TVs bleeding them, then it was PCs, now it's mobile.

These restructuring changes of Kaz's that were supposed to right the ship, exactly when will they start kicking in?



KingdomHeartsFan on 01 November 2014

Wait they already cut off the PC and TV divisions and still posted a 1.2b loss?  How did that happen?



d21lewis on 01 November 2014

Has there ever been a company that does so good and so bad at the same time? Sony is like a retarded kid that gets a free pass because he's really good at art class. Stop fucking around and make some money, dammit!  If I was a pimp and Sony was my bitch, Sony would have two black eyes.



MoHasanie on 01 November 2014

I'm surprised they continue to survive since they've lost $10bn+ in the last decade.



    

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Normchacho on 01 November 2014

Did the launch of the Z3 cause those losses? If you take out the mobile division Sony would have posted a profit...so close, yet so far.



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